| Today's Economy
LatAm Daily Briefing: GDP Contraction Stymies Uruguay The economy shrank 5.9% in 2020, the first whole-year decline since 2002. Paucity of Pork Threatens APAC The delay in restoring supply has implications for broad inflation and consumer spending during the COVID-19 recovery. Europe Daily Briefing: Energy Prices on the Rise Again German unemployment held steady for the third month in a row. China PMI Warns of Inflation Production gains have paled in comparison to surging prices. » VIEW MORE TODAY'S ECONOMY
Commentary
Greening the Bank of England’s Mandate The central bank could incorporate climate change into its purchase of corporate bonds. Overcoming the Nation’s Daunting Housing Supply Shortage U.S. policymakers should respond to the challenge soon and aggressively to easing the trade, labor, financing and land-use headwinds. U.S.COVID-19 Tracker Update: Economy Bounces Back in March March data should be strong thanks to weather-related payback and vaccination progress. Global Vaccine Tracker Update: Can't Come Soon Enough We are still expecting that a majority of the population in the EU won’t be vaccinated until the autumn. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Household Consumption Survey
Feb. 2021: 0.0%
French household consumption of goods held steady in February after January’s 4.9% decline. Thailand
Foreign Trade
Feb. 2021: US$2.1 bil
Thailand’s trade position improved in February, as the foreign trade surplus increased to $2.1 billion in February from $1.9 billion in January. Germany
Unemployment
Mar. 2021: 6.0%
Seasonally adjusted unemployment in Germany held steady at 6% in March for the third month in a row. Euro Zone
Preliminary Consumer Price Index
Mar. 2021: 1.3%
The preliminary estimate for euro zone consumer price inflation accelerated to 1.3% y/y in March from 0.9% in February. United States
MBA Mortgage Applications Survey
March 26: -2.2%
Mortgage applications fell by 2.2% in the week of March 26, after decreasing by 2.5%. Chile
Employment
Feb. 2021: 10.3%
The national unemployment rate averaged 10.3% in the December-February rolling quarter, down from a 2020 peak of 13.1% in May-July but still up from 7.8% a year earlier. Chile
Manufacturing Production
Feb. 2021: -0.6% y/y
Chile’s industry started the year with an extended annual contraction. Brazil
Employment Situation
Jan. 2021: 14.2%
Brazil’s unemployment started the year on the rise, affected by seasonality and the pandemic. United States
ADP National Employment Report
Mar. 2021: 517,000 m/m, ths
The labor market recovery is gaining momentum. Canada
Industrial Product and Raw Materials Price Indexes
Feb. 2021: 2.6%
In February, the Industrial Product Price Index increased 2.6%, the largest monthly advance in the index in over 40 years, since January 1980 (3.8%). Canada
Gross Domestic Product by Industry
Jan. 2021: 0.7%
Canadian GDP growth resumed its earlier pace in January after slowing in December. Netherlands
Retail Sales
Feb. 2021: -7.5%
Retail sales in the Netherlands continued to backslide in February, falling 4.5% from the previous month. United States
Pending Home Sales
Feb. 2021: 110.3
The NAR pending home sales index fell 10.6% to 110.3 in February, adding to January’s losses and dropping back near its spring 2020 level. Chile
Retail & Wholesale Sales
Feb. 2021: 4.7% y/y
Retail sales snapped a three-month losing streak in February, but the index tracking retail spending remains below the October peak. United States
Oil Inventories
March 26: 501.8 mil barrels
Last week’s decline in oil inventories nearly matched analyst expectations, so this report should have a minimal effect on oil prices. Singapore
GDP - Advanced
2021Q1:
United States
Agricultural Prices
Feb. 2021: 6.3% m/m
The Agricultural Prices Received Index increased 6.3% in February because of a surge in crop prices. Japan
Tankan Survey
2021Q1:
Australia
Foreign Trade
Feb. 2021:
Australia
Retail Sales
Feb. 2021:
South Korea
Foreign Trade
Mar. 2021:
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